In early 2018, Aurania Resources was approached by VICE News to film a short news segment focusing on gold exploration in Ecuador. VICE News sent their top team down to Ecuador in March to spend ten days in the field with Aurania’s management and exploration teams to capture the real story behind the search for The Lost Cities. The segment aired on HBO in mid-April 2018 and was posted to news.vice.com along with two bonus videos.
Aurania will host an update conference call on Monday, April 30, 2018 at 2:00pm Eastern Time to discuss the Company’s exploration program and results to date. If you wish to participate, please refer to the dial-in information below and provide the passcode ‘AURANIA’ when prompted by the operator.
Dial in number(s) North American Toll: 1-857-600-3024
North American Toll-Free (Toronto): 1-416-800-1066
Aurania reports that reconnaissance exploration crews have found silica blocks indicative of an entirely new epithermal system, the “Charip” target, some 50 kilometres (30 miles) north of the Latorre area in its Lost Cities – Cutucu Project (the “Project”) in southeastern Ecuador. In addition, the Company has received soil geochemistry results that refine the Crunchy Hill target and move it a step closer to drill-testing.
Aurania reports that the video documentary program from VICE News Tonight about Aurania’s Lost Cities – Cutucu Project is now available online via the following link: https://news.vice.com/en_us/article/d35kmj/meet-the-real-life-indiana-jones-hunting-for-gold-in-the-amazon . VICE News Tonight released an article entitled “Meet the real-life Indiana Jones hunting for gold in the Amazon” along with the video clip from their program which aired last week on the Home Box Office (“HBO”) channel. The program follows Aurania’s Chairman and CEO, Dr. Keith Barron and team through challenging conditions in the jungles and streams in their exploration of the Lost Cities – Cutucu project in southeastern Ecuador. See bonus footage of interviews with Aurania’s ‘reconnaissance exploration geologists’.
In this part of the exploration process we improve our knowledge of the geological environment around the target area by collecting soil samples at approx. 25m spacing for analysis with a special tool called an XRF Analyzer that measures the quantity of various components in the sample at an elemental level in minutes.
Aurania reports that extensive coverage was given to the Company in a documentary entitled “Ecuador’s Lost Cities of Gold” on a news program called “VICE News Tonight” on the Home Box Office (“HBO”) channel which aired last night, April 11, 2018. A team from VICE News Tonight made a ten-day site visit to the Company’s Lost Cities – Cutucu Project area in Ecuador in March and spent time filming with our crews in the field. The field visit to Aurania’s project area was funded by HBO and VICE News. HBO informs us that a link to the online version of this program will be made available in approximately one week, at which time the Company will press release the link.
Aurania is pleased to report that the source of the “vuggy silica” blocks – a known indicator of epithermal gold-silver systems – has been found in the Latorre B area in the Lost Cities – Cutucu Project (the “Project”) in southeastern Ecuador. The target has been renamed “Crunchy Hill”. The Company is also pleased to report that further stream sediment sampling has approximately doubled the size of the Latorre A target.
In an exciting turn Aurania Resources’ President, Dr. Richard Spencer, takes us through our on-the-ground discovery of ‘Crunchy Hill’, a zone with extremely interesting systems just below the lush forest floor of the Cordillera de Cutucu.
Aurania announces that the Company has renewed its full 2,080 square kilometre (“km2”) concession package in Ecuador based on the positive exploration results received to date. The Company will enter into a US$2.0 million unsecured convertible debenture with its Chairman and CEO, Dr. Keith Barron, to cover the concession renewal fees. Aurania’s board has determined that a convertible debenture with an exercise price higher than current market prices would be less dilutive to existing shareholders than a private placement at the current share price.
Aurania Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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